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REGISTERED NUMBER: 13302849 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

SUNBOW INVESTMENTS LTD

SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUNBOW INVESTMENTS LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs N R Gersch
Mr A N Gersch





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 13302849 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 79,352 84,210
Investment property 5 716,036 180,000
795,388 264,210

CURRENT ASSETS
Debtors 6 226,019 224,769
Cash at bank 37,826 12,927
263,845 237,696
CREDITORS
Amounts falling due within one year 7 1,560 19,548
NET CURRENT ASSETS 262,285 218,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,057,673

482,358

CREDITORS
Amounts falling due after more than one year 8 301,018 -
NET ASSETS 756,655 482,358

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 756,555 482,258
SHAREHOLDERS' FUNDS 756,655 482,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





Mr A N Gersch - Director


SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sunbow Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 84,209 1 84,210
Additions 100,202 - 100,202
Disposals (104,429 ) - (104,429 )
Revaluations (631 ) - (631 )
At 31 March 2023 79,351 1 79,352
NET BOOK VALUE
At 31 March 2023 79,351 1 79,352
At 31 March 2022 84,209 1 84,210

Cost or valuation at 31 March 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2022 772 - 772
Valuation in 2023 (631 ) - (631 )
Cost 79,210 1 79,211
79,351 1 79,352

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 180,000
Additions 536,036
At 31 March 2023 716,036
NET BOOK VALUE
At 31 March 2023 716,036
At 31 March 2022 180,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 20,526 18,348
Directors' current accounts 205,493 206,421
226,019 224,769

SUNBOW INVESTMENTS LTD (REGISTERED NUMBER: 13302849)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax - 18,348
Accruals and deferred income 1,560 1,200
1,560 19,548

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 301,018 -

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 301,018 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
5 A Ordinary £1 5 5
5 B Ordinary £1 5 5
18 C Ordinary £1 18 18
18 D Ordinary £1 18 18
18 E Ordinary £1 18 18
18 F Ordinary £1 18 18
18 G Ordinary £1 18 18
100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

31.3.23 31.3.22
£    £   
Mr A N Gersch
Balance outstanding at start of year 206,421 -
Amounts advanced 807,959 415,872
Amounts repaid (808,887 ) (209,451 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,493 206,421

As at the balance sheet date, the directors owed an amount of £205,493. The amount of £149,072 has been repaid within 9 months of the year end and interest has been charged at 2.25% on the balance.